Adani Power

FEATURED ARTICLES ABOUT ADANI POWER - PAGE 5

CHANDIGARH: Adani Power has stopped supplying power to Haryana with effect from August 27, forcing Haryana power utilities to make alternate arrangements to protect the interest of electricity consumers, an official release said here tonight. There is an agreement between Haryana power utilities and Adani Power for 1,424 MW power supply round-the-clock for 25 years, the release added. Haryana power utilities have already provided Letter of Credit to Adani Power as a primary payment security mechanism.

MUMBAI: Adani Power said more than 53.14 crore pledged shares of the company have been released by IDBI Trusteeship Services. IDBI Trusteeship Services released over 53.14 crore shares pledged shares of Adani Power. These shares accounted for 24.38 per cent shareholding in the company, according to a regulatory filing. "53,14,36,831 equity shares are being released back to Adani Enterprises Ltd , the pledgor," the filing said. Adani Enterprises is a promoter of Adani Power.

In a chat with ET Now, Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check) shares his views on various stocks. ET Now: What is your call on Adani Power? Vijay Bhambwani: I would recommend a buy on Adani Power at closer to 87 levels with a stop at 85.5 intraday and I would expect to book profits at around 88-89 levels.

AHMEDABAD: Both Adani Power and Tata Power have approached Central Electricity Regulatory Commission (CERC) to seek higher tariff for their imported coal fired power projects that are under implementation at Mundra on West Coast. Adani Power that was seeking tariff hike for one of its power purchase agreement (PPA) with Gujarat government has now approached the central electricity regulator with same request for another agreement. Adani Power that signed its two power purchase agreements (PPAs)

Ashwani Gujral, Fund Manager, Ashwanigujral.com , talks to ET Now on market outlook. What are your stock recommendations? For the day the calls are Adani Power is a sell with a stop of about 89, target of 77.

AHMEDABAD: Diversified Adani group controlled Rs 2,106 crore Adani Power emerged as country's largest private termal power producer with commissioning of its sixth generation unit at Mundra where the company is commissioning 4,620 MW of coal based plant. Adani Power now operates 2,640 MW of total generation capacity. Tata Power, Essar Power and Lanco Infratech are some of the leading private power producers with plants running on different fuels.

Deepak Mohoni, Director, trendwatchindia.com in a chat with ET Now gives his take on Adani Power. How is Adani Power looking technically on the charts? The whole group has extremely volatile stocks. So any negative development or positive tends to swing the stocks quite strongly. They do not look so good now because they are straightaway at a one-month low. So I would stay out of these. I would not go bargain and think for instance trade now.

In a chat with ET Now, Sandeep Wagle , Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his views on various stocks. ET Now: What is your call on Adani Power? Sandeep Wagle: Adani Power is one stock that is clearly weak. I see it breaking the lows of around 77-78 or maybe 75 that it made in the past. Once it breaks that, the next level it can test is around 67 to 68. So, it is a very clear sell.

MUMBAI: Shares of Adani Power are likely to list 10-12 per cent higher to its issue price Thursday. "Adani Power is not as expensive as Reliance Power and we expect it to list Rs 10-12 higher that its issue price. Later we may see some selling pressure emerging in the stock," said Anita Gandhi, head institutional business, Arihant Capital Market. The company had fixed the issue price at upper band of Rs 100 per share and raised around Rs 3,000 crore through the IPO price.

NEW DELHI: Adani Power has acquired Lanco Infratech's 1,200 mw Udupi thermal power plant in a Rs 6,000-crore transaction, marking the second mega deal in twoand-a-half weeks for the sector that is seeing a spurt of fund-raising and M&A activity after being down in the dumps for years. The deal, the largest in thermal power in terms of value and capacity, catapults the Adani Group , already India's biggest private sector power producer, to a bigger league with a capacity of nearly 10,000 mw while helping Lanco reduce debt.